McKesson swings to gain in third quarter

RussBritt

LOS ANGELES (MarketWatch) -- McKesson Corp.
MCK, +0.24%
reported third-quarter net income of $326 million, or $1.19 a share, a swing from a $20 million loss, or 7 cents a share, for the same period a year ago. Reporting after Tuesday's close, the San Francisco-based drug distributor said revenue was $28.3 billion versus $27.1 billion for the year-ago period. Analysts polled by FactSet Research expected earnings of $1.18 a share on sales of $27.6 billion. McKesson shares ended trading Tuesday up 1.5% to $62.35.

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